Samsung sees Q1 profits jump 10pc

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Manufacturer also estimates revenues rose four per cent from last year in earnings guidance for the first three months of the year 

Samsung has forecasted a 10 per cent jump in profits, as well as a four per cent increase in sales for Q1.

In earnings guidance for the first three months of this year, the manufacturer has estimated profits will rise from 6 trillion (£3.7 billion) won a year ago to 6.6 trillion (£3.9 billion).

It added revenue is likely to rise from 47.1 trillion won (£29 billion) to 49 trillion (£30.2 billion). Samsung didn’t breakdown sales figures by product segment, and will report its full Q1 results later this month.

During the quarter, Samsung unveiled the new Galaxy S7 and S7 edge (pictured) flagship smartphones at Mobile World Congress in February, both of which went on sale globally from March 11.

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